This page has been archived and commenting is disabled.
May Wage Growth Concentrated Among "Supervisors, Bosses"; Full-Time Jobs Still Below 2007 Peak
While the markets digest the far stronger than expected May jobs number, one thing sticks out: the wages for non-supervisory workers continue to stagnate, and while overall annual wage growth of 2.3% was the strongest monthly increase since the financial crisis, it was once again skewed toward the higher end of the labor market, with supervisors, and bosses once again taking the bulk of wage growth, or about 3.5%...
... with non-supervisory workers which comprise some 82% of the US labor force, remain stuck with nominal wage growth which barely covers inflation at about 2.0%.
And the other data point which may generate some skepticism about an imminent rate hike is that while full-time jobs did grow at a brisk 630K pace in May as part-time jobs this month tumbled, the total number of full-time jobs at 121.4 million is still about half a million below their pre-recession peak of 121.9 million reached in November 2007.
»
- 7467 reads
- Printer-friendly version
- Send to friend
- advertisements -
frankly, these articles digging deep into these BS numbers is a waste of time and braincell usage. much like everything else being reported, this is a number they pick from a hat. it would take the FBI one day to unmask this BS, if there ever was any will to do so.
You're right.
We can count on the FBI.
To try and kill you.
RUBY RIDGE.
WACO.
etc.
Fuck their Alphabet Soup Agencies.
People wake up in different ways. You woke up when WACO happened I woke up when the Fed said they would bail out bankrupt banks with trillions of dollars of future tax revenues.
I woke up when I refinanced my house in 2003. I bought it in 1996 for $49,500 and 7 years later it was appraised at $135,000. It was a tiny starter home. Nobody interested in a house like that had seen their income increase 272% in that time.
topping is a process; bottoms are events.
did the number of 20 somethings employed grow dramatically? if not, we continue to sow the seeds of our destruction.
topping is a process; bottoms are events.
And financial market crashes are a one day event.... People don't see them coming or else they wouldn't be crashes. Thus why it is best not to swim with sharks when there has been blood in the water for years.Nobody is questioning how stocks got so high. People don't care to know about the POMO desk, the President's Working Group on FInancial Markets, etc. They just want to buy nice things and have their pensions returning. Even Republicans don't give a shit at this point.
^^ This is how I know we are witnessing the greatest bubble ever. It isn't a tech boom, it isn't an oil boom, it is just a piece of shit lie recovery and everyone is buying it. There is a sucker born every minute in America, and they are born to suckers who have sucker lineage.
Oh well. I'll keep stacking. I know what real money looks like.
Retail has never been in it. This is the most unloved stock market in hiistory. No ones asking many questions because everyone knows it's bullshit. We really are living the Peter Pan economy. Ask too many questions, look into it a bit and you may lose faith. Lose faith and the whole thing crashes around your ears.
And the call for ever-more H1B visas. Fire Americans, hire overseas cheaper labor.
What a plan. Raise food and product prices while lowering wages.
Then Hilsen-rat comes out criticizing people for not spending more, what arrogance!
It's silver spoon comedy.
Clearly parents are no longer teaching their kids how to move up on the food chain, and schools are no longer having real competitions, when everyone gets a Consolation prize, er, I mean the Spirit Award.
My place of work has the same problem - added new "managers" and "supervisors" who couldn't manage to find their asshole with a roadmap nor supervise the wiping without blueprints. The dwindling pool of actual workers are left wondering, WTF do they do all day?
Does this mean that the Duggars will finally have to go out and get real jobs, now that one of their sons has been outed for Child Molestation and TLC has dropped them?
The offending kid could always become a Page or Intern in DC, where he'll be on the receiving end, but with an up-side: getting laid by their bosses (according to Alex Jones), while getting paid by the US taxpayers.
Is this a great country, or what?
BTW, TGIF. Unless you're in the Retail/Servicing Sector, in which case you're... screwed.
Of course - whip wielders are crucial at bringing more with less from the slaves, so they must be rewarded.